Economy: It was Obama who dug us out of hole

The writer should check his facts. It was President George W Bush who ushered in the Great Recession. Bush was a Republican.

It happened because Bush failed to rein in the shenanigans happening on Wall Street.

Those who were “bailed out” were large corporations, which were given enormous loans by the U.S. Treasury (approved by Congress) at very favorable terms. All repaid. Those corporations were deemed too big to fail.